BOSTON (Reuters) – Texas’ comptroller has added NatWest to a list of firms that “boycott” energy companies, potentially restricting the bank’s business with state agencies. A spokesman for Comptroller Glenn Hegar said via e-mail on Wednesday that NatWest was added to the list because of restrictions it has added on energy financing. (Reporting by Ross …
By Shubham Batra and Roshan Abraham (Reuters) – London stocks ended higher after advancing for a fourth straight session on Wednesday as soft consumer prices data for July strengthened bets that the Bank of England will cut interest rates in its next policy meeting. The blue-chip FTSE 100 and the midcap FTSE 250 index climbed …
UK’s FTSE 100 ends higher as softer CPI boosts rate optimism Read More »
By David Milliken LONDON (Reuters) -British consumer price inflation increased for the first time this year in July, official figures showed on Wednesday, but the rise was smaller than expected as services prices – closely watched by the Bank of England – rose less rapidly. The annual rate of consumer price inflation increased to 2.2% …
UK inflation picks up less than expected, boosting rate cut bets Read More »
FRANKFURT (Reuters) – Two specialised unions at Deutsche Lufthansa’s leisure airline Discover on Wednesday said they were preparing strikes after talks over working conditions at the unit have not yielded results, challenging an accord struck by another union. Strike ballots will start on Thursday and last until Wednesday next week, pilots’ union VC and cabin …
Unions prepare strikes in power struggle at Lufthansa’s leisure airline unit Read More »
SEOUL (Reuters) – The head of Mercedes-Benz in South Korea will meet on Wednesday residents of an apartment complex damaged by a fire that started in one of its electric vehicles (EVs) and burned for more than eight hours, stoking public safety fears. Mathias Vaitl, the chief executive of Mercedes-Benz Korea, will hold a closed-door …
Mercedes-Benz chief in South Korea to meet residents after EV fire damaged property Read More »
By Gwladys Fouche ARENDAL, Norway (Reuters) -Uncertainty and a heightened level of risk to stock markets mean they are unlikely to deliver the returns of recent years, the CEO of Norway’s $1.7 trillion wealth fund said on Wednesday. The fund, which invests the Norwegian state’s revenues from oil and gas production, is one of the …
Norway wealth fund flags risk to stock markets after posting $138 billion profit Read More »
MOSCOW (Reuters) – A Russian court has ordered that assets worth around $1.15 billion of a British subsidiary of German industrial gases company Linde be frozen in a dispute over a gas processing plant, court filings showed on Wednesday. RusChemAlliance, which filed the lawsuit, is a joint venture 50% owned by Russia’s Gazprom. RusChemAlliance has …
Russian court orders $1.2 billion of Linde UK assets be frozen Read More »
(Reuters) – Betting firm Flutter Entertainment is in talks to buy Snaitech, one of Italy’s largest gambling companies, from UK’s Playtech in a deal which could be worth 2 billion pounds ($2.57 billion), Sky News reported on Wednesday. Playtech shares rose 17% following the news. ($1 = 0.7791 pounds) (This story has been refiled to …
Flutter in talks to buy Italy’s Snaitech for $2.6 billion, Sky News reports Read More »
LONDON (Reuters) – British house prices rose by 2.7% in the 12 months to June to an average of 288,000 pounds ($370,000), the Office for National Statistics said on Wednesday. June’s annual increase was the same as May’s, which was the joint-highest since March 2023. Rents for private housing rose by 8.6% in the year …
UK house prices rise by 2.7% in 12 months to June, ONS says Read More »
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp swung to a quarterly net loss due to higher than expected costs for legacy projects and halted the sale of one of its businesses, underscoring the industrial group’s restructuring challenges and sending its shares to a new low. The German company, which cut its annual profit …
